MTECHTIPS MCX SILVER INTRADAY trading tips 01-12-2016
MTECHTIPS MCX Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 39701.Resistance for the Silver is 40699-41190-42040-42680-43649-44494-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 41300.0 with stop at 39860.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 40668.3 with a stop at 39760.2 Below 39511.7 go for sell.